Dollar up as homebuilder sentiment still sour

NickGodt

NEW YORK (MarketWatch) -- The U.S. dollar gained some ground against major counterparts on Tuesday after a report that signaled homebuilders remained discouraged about their business in November. The dollar index
DXY, +0.47%
which measures the U.S. unit against a basket of six major currencies, stood at 75.442, compared with 75.408 ahead of the report. The National Association of Home Builders said its sentiment index held steady at 17 in November, but October's index was revised lower to 17 from the 18 previously reported. Economists surveyed by MarketWatch were forecasting an improvement to 19.

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